Nariman Point is a business district in Mumbai city. Formerly the prominent business district on Indias west coast, Nariman Point yielded that status to Mumbais Bandra-Kurla Complex in 2010, prior to Nariman Points development, Mumbais business centre was at Ballard Estate, which – like Nariman Point also – was built on land reclaimed from the sea. Prior to 1940, the area was part of the Arabian sea, a popular leader of the Congress, Khurshed Nariman, a Bombay Municipal Corporation corporator, proposed to reclaim the area from the sea near Churchgate. To accomplish this task, the seafront was filled with debris from various parts of the city. Reinforced concrete cement was used, the steel for which had to be purchased on the black market at higher prices due to World War II. The entire cost was estimated to be ₹300,000. Additional reclamations were carried out in the 1970s, a construction boom in that decade also led to the development of commercial high-rises in the area. In 2006, prior to the crisis of 2007–08, Nariman point was the 7th most expensive location in the world for office space. However, by December 2012 Nariman Point had fallen to 25th place while Delhis Connaught Place remained the 5th most expensive location despite many offices moving to Gurgaon, during the same period, Nariman Point also dropped from 7th to 15th most expensive location for office rentals. The reasons for the decline were the prices, lower quality and age of construction. In the first three quarters of 2012, Nariman Point had a rate of almost 25%, compared with 18% in the rest of the city. Air India had its headquarters in the Air India Building for many years, at one time All Nippon Airways maintained its Mumbai sales office in the Oberoi Towers in Nariman Point
Image: Mumbai skyline
'Near the Sea wall at Nariman point, one can relax(2012)'